insuranceNEWS.com.au - All newsGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auCode expansion arguments ‘not based on demonstrated harm’: NIBAhttps://www.insurancenews.com.au/daily/code-expansion-arguments-not-based-on-demonstrated-harm-nibahttps://www.insurancenews.com.au/daily/code-expansion-arguments-not-based-on-demonstrated-harm-niba<p>The National Insurance Brokers Association has released a detailed statement explaining the thinking behind its recently released draft code...</p>Wed, 05 Aug 2026 06:17:13 GMT‘Market failing’ as SME mitigation efforts go unrewardedhttps://www.insurancenews.com.au/daily/market-failing-as-sme-mitigation-efforts-go-unrewardedhttps://www.insurancenews.com.au/daily/market-failing-as-sme-mitigation-efforts-go-unrewarded<p>MPs have voiced concerns that mitigation work has failed to provide premium relief, after small businesses told a federal inquiry their efforts to reduce exposure have been futile...</p>Wed, 05 Aug 2026 06:11:05 GMTClearlake aims to fund further growthhttps://www.insurancenews.com.au/daily/clearlake-aims-to-fund-further-growthhttps://www.insurancenews.com.au/daily/clearlake-aims-to-fund-further-growth<p>Clearlake Insurance Brokers says it is assessing options and considering bringing in a minority partner as it looks to fund ambitious growth plans...</p>Wed, 05 Aug 2026 06:10:19 GMTNo glossing over poor paint job, as AFCA orders payouthttps://www.insurancenews.com.au/daily/no-glossing-over-poor-paint-job-as-afca-orders-payouthttps://www.insurancenews.com.au/daily/no-glossing-over-poor-paint-job-as-afca-orders-payout<p>An insurer did not try hard enough to produce a matching paint job when repairing a claimant&rsquo;s caravan, despite its policy stating it did not have to achieve uniformity, the financial services ombudsman has ruled...</p>Wed, 05 Aug 2026 06:08:16 GMTThe broking profession’s promise to clientshttps://www.insurancenews.com.au/analysis/the-broking-profession-s-promise-to-clientshttps://www.insurancenews.com.au/analysis/the-broking-profession-s-promise-to-clients<p>NIBA CEO Richard Klipin sets out how the board weighed the voices of members, clients, regulators and the public in the draft code, and why it landed where it did...</p>Wed, 05 Aug 2026 04:32:37 GMTLobby groups unite to demand ESL reform pledgehttps://www.insurancenews.com.au/daily/lobby-groups-unite-to-demand-esl-reform-pledgehttps://www.insurancenews.com.au/daily/lobby-groups-unite-to-demand-esl-reform-pledge<p>A coalition of business, consumer, community and industry organisations including insurers and brokers has called on all parties in the NSW parliament to commit before the next election to scrapping the emergency services levy...</p>Tue, 04 Aug 2026 06:25:00 GMTClaims issues to fore as AFCA complaints climb to record levelhttps://www.insurancenews.com.au/daily/claims-issues-to-fore-as-afca-complaints-climb-to-record-levelhttps://www.insurancenews.com.au/daily/claims-issues-to-fore-as-afca-complaints-climb-to-record-level<p>Insurance claim rejection and claim handling delays were leading causes of financial services complaints in the year to June, and car cover was second on the list of products most complained about...</p>Tue, 04 Aug 2026 06:15:57 GMTFounder takes the reins again as Javln chief departshttps://www.insurancenews.com.au/daily/founder-takes-the-reins-again-as-javln-chief-departshttps://www.insurancenews.com.au/daily/founder-takes-the-reins-again-as-javln-chief-departs<p>Javln founder Dale Smith will return to the CEO role at the insurtech as David Leach steps down...</p>Tue, 04 Aug 2026 06:14:09 GMTLitigation risk agency opens Australian operationhttps://www.insurancenews.com.au/daily/litigation-risk-agency-opens-australian-operationhttps://www.insurancenews.com.au/daily/litigation-risk-agency-opens-australian-operation<p>British underwriting agency Ignite Specialty Risk has expanded to Australia, offering an &ldquo;extensive range&rdquo; of litigation covers for lawyers and third-party legal action funders...</p>Tue, 04 Aug 2026 06:00:46 GMT‘We are all devastated’: tributes flow for Tim Wedlockhttps://www.insurancenews.com.au/local/we-are-all-devastated-tributes-flow-for-tim-wedlockhttps://www.insurancenews.com.au/local/we-are-all-devastated-tributes-flow-for-tim-wedlock<p>Hundreds of insurance professionals have paid tribute to &ldquo;one of a kind&rdquo; broking leader Tim Wedlock, who was fatally injured in a road accident in Nashville, Tennessee...</p>Mon, 03 Aug 2026 05:09:49 GMTUS authorities probe crash that killed broking figurehttps://www.insurancenews.com.au/local/us-authorities-probe-crash-that-killed-broking-figurehttps://www.insurancenews.com.au/local/us-authorities-probe-crash-that-killed-broking-figure<p>Police in the US are continuing to investigate a devastating accident that took the life of Australian broking leader Tim Wedlock and injured three others...</p>Mon, 03 Aug 2026 05:09:42 GMTUpdated code may fail ASIC test, industry toldhttps://www.insurancenews.com.au/local/updated-code-may-fail-asic-test-industry-toldhttps://www.insurancenews.com.au/local/updated-code-may-fail-asic-test-industry-told<p>The redrafted industry code of practice risks being rejected by the corporate regulator, the General Insurance Code Governance Committee has warned...</p>Mon, 03 Aug 2026 05:09:26 GMTSuitors reaffirm plans for Steadfast buyouthttps://www.insurancenews.com.au/corporate/suitors-reaffirm-plans-for-steadfast-buyouthttps://www.insurancenews.com.au/corporate/suitors-reaffirm-plans-for-steadfast-buyout<p>A consortium planning to acquire Steadfast has reconfirmed its intention to proceed with the deal as it enters the final phase of a review period...</p>Mon, 03 Aug 2026 05:00:57 GMTSwiss Re recruits next ANZ chiefhttps://www.insurancenews.com.au/corporate/swiss-re-recruits-next-anz-chiefhttps://www.insurancenews.com.au/corporate/swiss-re-recruits-next-anz-chief<p>Ben Savill will become CEO of Australia and New Zealand at Swiss Re from October...</p>Mon, 03 Aug 2026 05:00:41 GMTSteadfast broking boss departshttps://www.insurancenews.com.au/corporate/steadfast-broking-boss-departshttps://www.insurancenews.com.au/corporate/steadfast-broking-boss-departs<p>Tim Mathieson has left Steadfast to &ldquo;pursue a new opportunity&rdquo; after more than a decade with the broking group...</p>Mon, 03 Aug 2026 05:00:34 GMTAgentic-to-agentic is ‘next problem to solve’https://www.insurancenews.com.au/insurtech/agentic-to-agentic-is-next-problem-to-solvehttps://www.insurancenews.com.au/insurtech/agentic-to-agentic-is-next-problem-to-solve<p>AI agents interacting and agreeing premium settings and other underwriting choices is the next tech challenge facing the insurance industry, BizCover CIO Dino Tius says...</p>Mon, 03 Aug 2026 04:16:22 GMTFuture of claims ‘needs tech and people alike’https://www.insurancenews.com.au/insurtech/future-of-claims-needs-tech-and-people-alikehttps://www.insurancenews.com.au/insurtech/future-of-claims-needs-tech-and-people-alike<p>&ldquo;Local presence&rdquo; will be more important than ever as insurers invest in AI, according to a white paper from claims manager Crawford &amp; Company...</p>Mon, 03 Aug 2026 04:16:10 GMTRelm names APAC chief in Sydneyhttps://www.insurancenews.com.au/insurtech/relm-names-apac-chief-in-sydneyhttps://www.insurancenews.com.au/insurtech/relm-names-apac-chief-in-sydney<p>Timothy Powell has been appointed head of Asia-Pacific and global head of underwriting performance at emerging industry specialist Relm Insurance...</p>Mon, 03 Aug 2026 04:16:01 GMTFriendsurance joins Cover Genius in Euro banking pushhttps://www.insurancenews.com.au/insurtech/friendsurance-joins-cover-genius-in-euro-banking-pushhttps://www.insurancenews.com.au/insurtech/friendsurance-joins-cover-genius-in-euro-banking-push<p>Cover Genius has acquired Friendsurance to combine the pair&rsquo;s infrastructure for embedded cover and banking and insurance platforms to serve financial institutions in the German, Austrian and Swiss markets...</p>Mon, 03 Aug 2026 04:15:54 GMTMunich Re unveils Japanese parametric quake coverhttps://www.insurancenews.com.au/insurtech/munich-re-unveils-japanese-parametric-quake-coverhttps://www.insurancenews.com.au/insurtech/munich-re-unveils-japanese-parametric-quake-cover<p>Munich Re Specialty has launched parametric earthquake insurance for corporate clients in Japan...</p>Mon, 03 Aug 2026 04:15:40 GMT